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of sandy jobless claims relative to katrina. if we don't have that chart -- there it is, great. it goes up and now we're in the down. it may pop back. but the trouble is that the big surge there is probably in the week of -- or is going to affect the week of the employment survey. >> the last week. >> and now, guys, if you have the next one back there, i don't know if you have it, you can see there what we show there is we're looking for only 80,000 jobs on friday. 95 in the private sector. that's a big jobs -- it might be hurricane related, but it could also be cliff related. there's these two things just backing up what joe said, folks, we've got enough to worry about without the stuff that we could probably fix and move on, there's enough going on. you can see that we're going to be substantially below the six-month average that we've been running there. and that shows that, you know, we were not robust to begin with, and this is why guys at the fed are concerned about things like this. if you're going 3% or 4% gdp, you have
of sandy jobless claims relative to katrina. if we don't have that chart -- there it is, great. it goes up and now we're in the down. it may pop back. but the trouble is that the big surge there is probably in the week of -- or is going to affect the week of the employment survey. >> the last week. >> and now, guys, if you have the next one back there, i don't know if you have it, you can see there what we show there is we're looking for only 80,000 jobs on friday. 95 in the private...
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Dec 5, 2012
12/12
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you have fiscal cliff, you have hurricane sandy. are you optimistic about what's happening in the economy if you take out the potential shocks? >> i don't think we make any change at all. i think the job market is producing 150,000 jobs per month, that's what we've been producing since the beginning of the year, over the past year, past two years, some months we're a little lower, higher, sometimes seasonal adjustment. if you take this month's number and x out sandy, that's over 200,000. >> that will add some jobs, that's not a fair comparison. >> so 200,000 minus 60 is 150 -- >> so you're right there. >> i don't think the economy has chang chang changed deappreciably over the last year. >> well, i think coming into friday's number, we're a little -- we don't think there's 80,000 worth of impact, might be closer to 40,000 or 50,000. whatever, there's been an impact and i agree with mark's point, 1 in about 150,000 job creation in the economy and i don't know that meaningfully changes. but i would say, if anything, the bias next year
you have fiscal cliff, you have hurricane sandy. are you optimistic about what's happening in the economy if you take out the potential shocks? >> i don't think we make any change at all. i think the job market is producing 150,000 jobs per month, that's what we've been producing since the beginning of the year, over the past year, past two years, some months we're a little lower, higher, sometimes seasonal adjustment. if you take this month's number and x out sandy, that's over 200,000....
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Dec 5, 2012
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it may have been reduced by 86,000 because of hurricane sandy. but there was a good number today which was the ism data when it comes to the services sector. you can see it was up. there's the adp data. but i want to talk about the services sector which was up a bit more than expected. then what you had, business activity was up, new orders were up, employment was the one thing that was down. i don't know if that's a sandy effect. that could be also, by the way, a fiscal cliff effect. zplint vi >> interviewing secretary geithner later today. what's your first question going to be? >> i want to get his response -- we had the president respond to boehner's proposal but i want to get the secretary's response, too, the specific issue of, hey, the republicans looked like they made a step forward, actually got some accolades in some of the press for agreeing to new revenues. where's the administration's response on that side? are they willing to give? i think that's a key question right now in terms of what the news flow is right now but also there's c
it may have been reduced by 86,000 because of hurricane sandy. but there was a good number today which was the ism data when it comes to the services sector. you can see it was up. there's the adp data. but i want to talk about the services sector which was up a bit more than expected. then what you had, business activity was up, new orders were up, employment was the one thing that was down. i don't know if that's a sandy effect. that could be also, by the way, a fiscal cliff effect. zplint vi...
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Dec 4, 2012
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. >> i don't think all it have it will be explainable by superstorm sandy. i think a lot of it is pulling back. you've seen the capital investment. >> we have to move on but i have to push back on one thing. are we talking about two different things? when we got downgraded the market went down hard. more than a trillion in value. >> but the market price. the market came right back and actually went to new highs not that long after that. once the knee jerk reaction was done. the market is being sensitized to it right now. and that's a good thing. >>> two companies that issued special dividends ahead of the fiscal cliff and if you're keeping score at home that's 103 companies thus far this quarter valued at more than $22 billion. so we see this continued parade of companies just coming out and issuing special dividends whether it's by debt, with debt, or cash on the balance sheet. >> the big one there, scott, is costco. last week when costco made the announcement, it was up 5%, almost 7% on the news. oracle moves their dividends up and the stock is flat to dow
. >> i don't think all it have it will be explainable by superstorm sandy. i think a lot of it is pulling back. you've seen the capital investment. >> we have to move on but i have to push back on one thing. are we talking about two different things? when we got downgraded the market went down hard. more than a trillion in value. >> but the market price. the market came right back and actually went to new highs not that long after that. once the knee jerk reaction was done....
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Dec 5, 2012
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the blame goes to superstorm sandy. goldman says the party is officially over for gold. >> starbucks at an investors conference will add 1,500 stores in the u.s. over the next five years. wait until you hear what they said about china. >> a big day in media. pandora ceo joins us live later this morning as the stock fell nearly 20% on weak guidance and netflix signs a big exclusive with disney. how much are they having to pay up for that? >>> let's deal with this big deal. as i've been telling you we'll see a lot of big deals -- i was wrong. here we are. freeport mcmoran buying not one but two companies. the combined price if you add it all together gets close to $20 billion. that does include debt. let's go through some of the details. it's somewhat complex. let's start with bigger of the two deals. freeport's purchase of plains. approximately $6.9 billion in total now. it's a cash and stock deal. .6531 shares and 39 bucks a share in cash. that adds up to $50 a share. that's a fairly significant premium when we look at
the blame goes to superstorm sandy. goldman says the party is officially over for gold. >> starbucks at an investors conference will add 1,500 stores in the u.s. over the next five years. wait until you hear what they said about china. >> a big day in media. pandora ceo joins us live later this morning as the stock fell nearly 20% on weak guidance and netflix signs a big exclusive with disney. how much are they having to pay up for that? >>> let's deal with this big deal....
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the labor department says no affect on sandy. there was some data that pointed to the fact that people were leaving the workforce because of sandy. >> the numbers speak for themselves. i do not think the full effects can be known until maybe a couple of weeks. there certainly are people that cannot go to work and have been laid off because businesses are out. there are all sorts of new jobs that have sprung up. i may head down there and start looking for a job myself. cheryl: construction, there was a loss of 20,000. most of us expected a little bit of a game and that ector. >> maybe it will take a little bit longer to give up. my brother is still out of his house. they cannot get anyone to do work on it yet. cheryl: let's go over to the cme. i know that metals has been a big focus for a lot of traders today. what are you watching? >> just the price action in gold. it really gives the feedback. people, you know, maybe a risk on trade. it jumps back to the 17th 04 daily highs. that makes me believe i want to belong before the meet
the labor department says no affect on sandy. there was some data that pointed to the fact that people were leaving the workforce because of sandy. >> the numbers speak for themselves. i do not think the full effects can be known until maybe a couple of weeks. there certainly are people that cannot go to work and have been laid off because businesses are out. there are all sorts of new jobs that have sprung up. i may head down there and start looking for a job myself. cheryl:...
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Dec 3, 2012
12/12
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how much is blamed on sandy when it shouldn't? >> everything blamed on sandy. that's going to work for a while. once you dig into the details, wait a minute, this isn't all sandy. because the east coast is a very big part of the -- >> obviously oh, yes. >> the economy. >> everybody who has gone through sandy. >> chicago is a big part, texas, california, they weren't affected directly by sandy. so that will come back much quicker if it's going to come back. that's where you have to look, to see what the trend was beforehand. >> okay. now europe. you know, there was a little bit of a -- a confusion this morning when spain asked for a bailout. they're talking bank bailout, country bailout, new program. rates are down. i've seen many stories, if this is really going to be a positive rates being down, we have to really draw in more global investors. do you think that will happen ultimately? >> ultimately, i do think it will. any time europe gets pushed to the background, i'm kind of pleased. as long as their banking system isn't going to affect ours, i think we can
how much is blamed on sandy when it shouldn't? >> everything blamed on sandy. that's going to work for a while. once you dig into the details, wait a minute, this isn't all sandy. because the east coast is a very big part of the -- >> obviously oh, yes. >> the economy. >> everybody who has gone through sandy. >> chicago is a big part, texas, california, they weren't affected directly by sandy. so that will come back much quicker if it's going to come back. that's...
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Dec 8, 2012
12/12
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and all this despite the effects of hurricane sandy. who knows how high we could have been if it weren't for that darn hurricane? yet the market barely blinked. yet the potential layoffs if we go over the cliff make these rearview numbers seem almost irrelevant to the market. hence the mixed performance of the averages today. sure, dow gained 81 points, but the s&p barely budged, edging up 29%. and the nasdaq actually declined .38%, led once again by the slip sliding away apple, which you know i like, but how many times during a particular show can i say i like it? so with that in mind, what's the game plan for next week? first off, perhaps the most important day of the week is monday. but not for any earnings. not for any releases. that's when we process the results of the weekend talk shows, which you now have to watch as if we were instead of watching, you know, college gameday, i'm watching like some of those other news stations -- and then of course sunday morning whoever -- you don't even pay attention -- football means nothing no
and all this despite the effects of hurricane sandy. who knows how high we could have been if it weren't for that darn hurricane? yet the market barely blinked. yet the potential layoffs if we go over the cliff make these rearview numbers seem almost irrelevant to the market. hence the mixed performance of the averages today. sure, dow gained 81 points, but the s&p barely budged, edging up 29%. and the nasdaq actually declined .38%, led once again by the slip sliding away apple, which you...
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we have learned that in our area with superstorm sandy. is there anything you can do locally to make a difference? do you have to wait for the president to give you money and declare this state or is there anything locally that can be done or privately? >> no. actually, i think federally is where we're going to have to look to see a solution to this problem. that and to the sky for rain. we need this process of blasting these rock pinnacles to be expedited as fast as possible. we need more water to be released out of the missouri river and missouri river basin and we'll need more rain otherwise it will be huge economic impact to the american consumer. melissa: let's talk about that. besides the fact this is pretty astounding and a lot of us don't know it is going on it will ultimately impact us because if there are $7 billion worth of goods going through this area that has a domino effect to the rest of the country in terms of prices. what could we expect to see in the rest of the country? >> i think what you can see as direct example is y
we have learned that in our area with superstorm sandy. is there anything you can do locally to make a difference? do you have to wait for the president to give you money and declare this state or is there anything locally that can be done or privately? >> no. actually, i think federally is where we're going to have to look to see a solution to this problem. that and to the sky for rain. we need this process of blasting these rock pinnacles to be expedited as fast as possible. we need...
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Dec 10, 2012
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sandy, fiscal cliff. but as a result, the ones that fall and come down a lot, those are the ones you pick at. >> and pope benedict is launching a new application. pope to you on facebook. the application lets you listen to his words, see his pictures and receive messages of congratulations through virtual post cards. >>> all right, all right, sema? >> hewlitt packard jumping nearly 4%. carl may be interested in the company. hp facing serious issues and the stock faulling 44%. own an fast money at 5:00, we want to know if you think they can rise from the dead. >> thank so much. >>> final trades up next when we come back on "halftime." s. i d'. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes inve
sandy, fiscal cliff. but as a result, the ones that fall and come down a lot, those are the ones you pick at. >> and pope benedict is launching a new application. pope to you on facebook. the application lets you listen to his words, see his pictures and receive messages of congratulations through virtual post cards. >>> all right, all right, sema? >> hewlitt packard jumping nearly 4%. carl may be interested in the company. hp facing serious issues and the stock faulling...
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Dec 9, 2012
12/12
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while officials say sandy was unprecedented, it wasn't entirely unexpected. for three decades, officials were told to prepare for a storm of historic proportions and a l law. >> nobody's taken the political courage to say, here's the standard for prepareness, here's the standard for recovery, we're going to help you fund it and then we're going to punish you if you don't get is there. >> reporter: three state reports since 1975 focused on preparedness, one addressed new york's preparability saying the sea level rise will progress regardless of new york's response. officials dealt with problems like housing, gas shortages and firings as they arose. congress even approved an army corps of engineers hurricane protection study nearly two decades ago, focusing on hard hit staten island. >> maybe some of these houses would have been saved. >> that report remains unfin nucleared. >> we have wased tax dollars and the city, sta the. >> reporter: changes that strengthen existing emergency response plans, leaders say that ultimately saved lives, but with no, now asking
while officials say sandy was unprecedented, it wasn't entirely unexpected. for three decades, officials were told to prepare for a storm of historic proportions and a l law. >> nobody's taken the political courage to say, here's the standard for prepareness, here's the standard for recovery, we're going to help you fund it and then we're going to punish you if you don't get is there. >> reporter: three state reports since 1975 focused on preparedness, one addressed new york's...
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Dec 3, 2012
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they'll also be watching for friday's release of the november jobs report and what impacts superstorm sandy and those fiscal fears may have had on hiring. meanwhile, the national retail federation is asking congress to step in and stop striking clerical workers who shut down 10 of 14 terminals at two california ports. the group estimates the now week-long strike is costing $1 billion a day. >>> edward glen hayden, managing director and head of global interest rates at morgan stanley, pictured here during his days at goldman sachs is being investigated by commodities and futures regulators. according to "the new york times," the question is whether hayden's trading manipulated the price of treasury futures while he was back at goldman in 2008. >>> news corp. announced the ceo of its uk newspaper operations who took the reins in july of last year is stepping down. >>> swiss banking giant ubs is reportedly close to reaching a $450 million settlement with u.s. and british authorities over an interest rate-rigging scandal that rocked the banking world this year. and on the deal front, delta airl
they'll also be watching for friday's release of the november jobs report and what impacts superstorm sandy and those fiscal fears may have had on hiring. meanwhile, the national retail federation is asking congress to step in and stop striking clerical workers who shut down 10 of 14 terminals at two california ports. the group estimates the now week-long strike is costing $1 billion a day. >>> edward glen hayden, managing director and head of global interest rates at morgan stanley,...
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Dec 6, 2012
12/12
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to find out if increased home sales and efforts to rebuild after hurricane sandy could drive it higher. scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. ♪ mom? dad? guys? [ engine turns over ] [ engine revs ] ♪ he'll be fine. [ male announcer ] more people are leaving bmw, mercedes and lexus for audi than ever before. take advantage of exceptional values during the season of audi event. take advantage of exceptional values when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can in
to find out if increased home sales and efforts to rebuild after hurricane sandy could drive it higher. scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. ♪ mom? dad? guys?...
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Dec 7, 2012
12/12
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founder of lumber liquidators to find out if increased home sales and efforts to rebuild after hurricane sandy could drive it higher. all coming up on "mad money." >>> don't miss a second of "mad money." follow @jimcramer on twitter. have a question? tweet cramer #madtweets. send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. n you. ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. >>> here in the united states, we're sitting on titanic amounts of energy that's both cheaper and cleaner than coal or oil, talking about natural gas. but we end up burning off millions of cubic feet of it every day because we don't have enough demand since our government refuses to support embracing nat gas for surface vehicles. while we probably aren't
founder of lumber liquidators to find out if increased home sales and efforts to rebuild after hurricane sandy could drive it higher. all coming up on "mad money." >>> don't miss a second of "mad money." follow @jimcramer on twitter. have a question? tweet cramer #madtweets. send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. n you. ...at the best schools in the world... ...you see they all have...
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Dec 3, 2012
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some of that is attribute knowledge to superstorm sandy. an estimated quarter million vex were destroyed. those numbers will be out this morning. it would only say that it is speaking to, quote, interested parties. but delta air lines is involved in those sdgzs. virgin is the second largest airline at heath row. >>> and lenny dykstra will be sentenced today. he was found to have hidden and stole sports memorabilia other items that were supposed to be part of a bankruptcy filing. >>> the game of political chicken, we were looking to rise above the partisan politics and trying to get something done. david walker, ceo of the america comeback initiative, steve mcmahon, co-founder of purple strategies, you guys have been on for a while and we've talked about a lot of things. steve, just 1:30 ag ago, you made a point talking about the bush tax cuts. and i said the tax cuts have been near and dear and you said at least bush was smart enough to know that we couldn't afford them so they were sunseted. >> so they were sunseted. >> that may happen. in
some of that is attribute knowledge to superstorm sandy. an estimated quarter million vex were destroyed. those numbers will be out this morning. it would only say that it is speaking to, quote, interested parties. but delta air lines is involved in those sdgzs. virgin is the second largest airline at heath row. >>> and lenny dykstra will be sentenced today. he was found to have hidden and stole sports memorabilia other items that were supposed to be part of a bankruptcy filing....
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hurricane sandy's impact continues to slowly but surely subside. we had weekly jobless claims dropping by 25,000 last week to a seasonally-adjusted 370,000. the week's prior total was revised upward to 395,000 from 393,000. and treasury prices rising today, pushing yields back down to their lowest level in more than two weeks. look at this pathetic yield on the ten-year note. it fell two basis points to 1.57%. you're not getting a lot of return there. david: which is why some people are putting their money in stocks. we have all this covered. we have til mulholland in the pits of the cme. we have a street fight. jeff believes there will be a fiscal cliff resolution. david wright, on the other hand, thinks d.c. will avoid the cliff, but it will not stop the bears from coming around this time. let's start with tim at the cme. and, tim, we were talking about what a low yield you get now on treasuries. people are looking for some kind of yield, and the only place you're finding it is in the stock market. >> yeah, that's true. you also get the corporate
hurricane sandy's impact continues to slowly but surely subside. we had weekly jobless claims dropping by 25,000 last week to a seasonally-adjusted 370,000. the week's prior total was revised upward to 395,000 from 393,000. and treasury prices rising today, pushing yields back down to their lowest level in more than two weeks. look at this pathetic yield on the ten-year note. it fell two basis points to 1.57%. you're not getting a lot of return there. david: which is why some people are putting...
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Dec 7, 2012
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anarchists calling for violence against american institutions and later sandy's forgotten cameras. we send our cameras to a devastated neighborhood where press residence are still waiting for help by the president and state and local officials and they still haven't i've worked hard to build my family. and also to build my career. so i'm not about to always let my frequent bladder urges, or the worry my pipes might leak get in the way of my busy lifestyle. that's why i take care, with vesicare. once-daily vesicare can help control your bladder muscle and is proven to treat overactive bladder with sympts of frequent urges and leaks day and night. if you have certain stomach or glaucoma problems, or trouble emptying your bladder, do not take vesicare. vesicare may cause allergic reactions that may be serious. if you experience swelling of the face, lips, throat or tongue, stop taking vesicare and get emergency help. tell your doctor right away if you have severe abdominal pain, or become constipated for three or more days. vesicare may cause blurred vision, so use caution while drivi
anarchists calling for violence against american institutions and later sandy's forgotten cameras. we send our cameras to a devastated neighborhood where press residence are still waiting for help by the president and state and local officials and they still haven't i've worked hard to build my family. and also to build my career. so i'm not about to always let my frequent bladder urges, or the worry my pipes might leak get in the way of my busy lifestyle. that's why i take care, with vesicare....
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Dec 6, 2012
12/12
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kansas city southern should benefit from the auto rebuild that's needed in the wake of hurricane sandy. can't get this stuff to america fast enough. united states fast enough. thanks to the strength of the economy, the increasing volumes with declining costs. the gross margins are expanding. how much do we love that in a rail? however, the auto industry only affects about 18% of kansas city southern's revenues. they do have some coal exposure, something that's crushed a great many american railroads, we know that because we have backed away from a lot of rails because of the coal. but they have something the other railroads don't have, consistently high growth, not that low single digit stuff and not susceptible to the cyclical nature of coal or the ongoing war between natural gas and coal in the fight to be fuel for american utilities. and that's why i'm naming it my new favorite railroad. even over and above union pacific, which has always been my favorite. don't get mad at me, union pacific. i used a great union pacific calendar, but it's december. that one's off the wall. anyway --
kansas city southern should benefit from the auto rebuild that's needed in the wake of hurricane sandy. can't get this stuff to america fast enough. united states fast enough. thanks to the strength of the economy, the increasing volumes with declining costs. the gross margins are expanding. how much do we love that in a rail? however, the auto industry only affects about 18% of kansas city southern's revenues. they do have some coal exposure, something that's crushed a great many american...
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Dec 10, 2012
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some of that is sandy. you can't disentangle it. i'm sure it would have been better if it weren't for the uncertainty. we saw how bad it was in the summer of '11 and it will be the same now. >> i very much agree with ian on this point, that the uncertainty is associated with the fiscal cliff is at least a percentage point on the fourth quarter. and could be more than that. it's just a lurking weight on the business sector. and if we are going to get this growth, i think we've got to have a little bit more certainty on taxes, on regulation, and the trajectory of fiscal policy going forward. >> what i hear you both saying, though, and you're talking about spending issue, and not worrying so much about that, but i also hear you saying it would be a big mistake to raise taxes. >> absolutely. yeah. >> but the top 2%, is that the least deleterious people to raise it on? >> yeah, it would be. but right now i'd prefer not to raise taxes on anybody. but if you're going to do it, then the people at the lowest propensity to consume -- >> you d
some of that is sandy. you can't disentangle it. i'm sure it would have been better if it weren't for the uncertainty. we saw how bad it was in the summer of '11 and it will be the same now. >> i very much agree with ian on this point, that the uncertainty is associated with the fiscal cliff is at least a percentage point on the fourth quarter. and could be more than that. it's just a lurking weight on the business sector. and if we are going to get this growth, i think we've got to have...
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still willing from super storm sandy here in the northeast. peter barnes in washington with the latest on that effort. speaker according to "the new york times" for white house will be looking for about $50 billion to help rebuild from hurricane sandy. officials testifying declined to comment that number but they did say the white house will be sending in disaster relief bill up to congress by the end of the week. the three hardest hit states: new york, new jersey and connecticut alone are seeking $80 billion in federal help. the administration is teeing up a big request. >> much of the impact of sandy go beyond fema programs. fema's assistance is limited, maximum benefits of individual family could receive is about $31,000 if they have no assurance. others that will not rebuild destroyed or damaged home to did not have insurance. >> woke up to this headline. u.s. denies aid to the maryland storm victims. this is the picture of the face of maryland going through the storm. i will not show you the pictures of the lower shore this morning. >> a
still willing from super storm sandy here in the northeast. peter barnes in washington with the latest on that effort. speaker according to "the new york times" for white house will be looking for about $50 billion to help rebuild from hurricane sandy. officials testifying declined to comment that number but they did say the white house will be sending in disaster relief bill up to congress by the end of the week. the three hardest hit states: new york, new jersey and connecticut...
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he is going around the country, hurricane sandy, rebuilding needs to be done. he is not paying attention to that and certainly not paying attention to jobs creation. instead he is on this vendetta. melissa: ian, at the same time you see companies out there, they're doing what they need to do. we saw ibm for example saying that when it comes to their 401(kk, instead of contributing every other pay period the way they have before they will wait until the very end of the year and do their matching then. almost an accounting trick. not really a trick. a way to do it differently they save a lot of money. they hang onto the money for entire year and earn interest on it. god forbid you leave the company and never see the money. for workers you don't earn on money all year long. not in your 401(k) growing. these are the kinds of things we'll see companies doing to adapt to this new normal. >> if ibm gets away with it i'm sure they will. they are a benchmark. if they successfully push it through, the company that didn't fail, didn't have a crisis during the crash we'll
he is going around the country, hurricane sandy, rebuilding needs to be done. he is not paying attention to that and certainly not paying attention to jobs creation. instead he is on this vendetta. melissa: ian, at the same time you see companies out there, they're doing what they need to do. we saw ibm for example saying that when it comes to their 401(kk, instead of contributing every other pay period the way they have before they will wait until the very end of the year and do their matching...
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Dec 6, 2012
12/12
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sandy reminded us of a very stark reality. we can either invest in protections now or we will pay more later. i would like to spend a little time talking about the mitigation issue in two areas. fema and localities and flexibility to mitigate against future disasters of we can save taxpayer money. the electric grid. on long island, public power agency long island power authority suffered unprecedented damage to an unprotected system. 4,500 polls, 400 miles of electrical line, 50 of one under 85 substations victims. 1 million people were without power. and for over two weeks the country watched as an inept and unprepared utilities struggled to even communicate let alone restore power. did not do enough target the system or flood prove substations . that type of system that allows you to use computers and sensors to respond to adages, learn where the damages and communicate with customers. the lack of investment and foresight is now costing us big-time. it does not give me pleasure to report to this committee that we will be sub
sandy reminded us of a very stark reality. we can either invest in protections now or we will pay more later. i would like to spend a little time talking about the mitigation issue in two areas. fema and localities and flexibility to mitigate against future disasters of we can save taxpayer money. the electric grid. on long island, public power agency long island power authority suffered unprecedented damage to an unprotected system. 4,500 polls, 400 miles of electrical line, 50 of one under 85...
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because of impacts from hurricane sandy. the bank saying it is looking for ways to cut expenses. those cuts amount to 4% of the companies workforce and is estimated to save $1.1 billion every year. stocks now and every 15 minutes. nicole petallides. nicole: we are looking at a market that is to the downside. let's take a look at citigroup. it is about 4% of the workforce. citigroup is higher. it has had an up arrow throughout the day today. we saw the dow jones industrials this week to the downside. we had two consecutive days in selling. down arrows for the nasdaq. down 1.1%. connell: breaking news out of washington. earlier, speaker boehner speaking about the fiscal cliff. now it is president obama. let's listen. >> we have emerged not yet where we need to be, but we certainly have made progress. the reason we have made progress in part is because of the outstanding management and productivity and gains and efficiencies that you have been able to achieve in each and every one of your companies. i have said this to some of the small groups, let me repeat it to the large groups,
because of impacts from hurricane sandy. the bank saying it is looking for ways to cut expenses. those cuts amount to 4% of the companies workforce and is estimated to save $1.1 billion every year. stocks now and every 15 minutes. nicole petallides. nicole: we are looking at a market that is to the downside. let's take a look at citigroup. it is about 4% of the workforce. citigroup is higher. it has had an up arrow throughout the day today. we saw the dow jones industrials this week to the...
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Dec 3, 2012
12/12
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residents wanted to proi text themselves following super storm sandy. on black fy they are 159 calls for back grond checks. >> 139,000. small centers even have to stop taking calls frm they had to hurricane bucustomers away duri 1:00 on the busiest day of the we're. oo you have had return sandy onnot only do we correct niez it but they may be in it a position to say this is what i found. >> 33 percent of women last year reported owning a new bun which is a high. manufacturers are marketing more to women with pink bunguns and access -- assess res. some women aren't interested in owning the pink firearm or having their own at all. they simply want training for self defense especially if there are guns to the home. in the class i really enjoyed it. i have a couple of guns myself. >> dnra reports that over the past four or five years there has been an expo tension increase in women tar piss tating in safety classes. pom only funny programs. in new york, santa could -- ann kooiman for fox news. >>> earlier today we told you about five states adding 300 hours
residents wanted to proi text themselves following super storm sandy. on black fy they are 159 calls for back grond checks. >> 139,000. small centers even have to stop taking calls frm they had to hurricane bucustomers away duri 1:00 on the busiest day of the we're. oo you have had return sandy onnot only do we correct niez it but they may be in it a position to say this is what i found. >> 33 percent of women last year reported owning a new bun which is a high. manufacturers are...
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Dec 3, 2012
12/12
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even with freakish weather, sandy the latest, we are not talking much about climate change and sandy brought us flooding in new york city and a blizzard in west virginia. yet, many politicians believe the pattern of extreme weather is natural. arizona's republican governor jan brewer among them. >> everybody has an opinion on it. you know? and, you know, i probably don't believe it's manmade. i believe that, you know, whether in certain elements are controlled maybe by different things. >> it's no doubt a hot button after we found out after ask the govern nor. >> why in the hell did that question come from? >> well, the reporter asked brewer that because she was just about to go in to the western governor's association to talk about energy. bill nye the science guy is here to talk about climate change. hi, bill. >> greetings. >> greetings. >> carol. >> when you hear -- when you hear jan brewer, you say -- >> well, we as science educators have a lot of work to do. climate change is caused by people and there's new find where the ice sheets are melting faster than anybody expected. sea
even with freakish weather, sandy the latest, we are not talking much about climate change and sandy brought us flooding in new york city and a blizzard in west virginia. yet, many politicians believe the pattern of extreme weather is natural. arizona's republican governor jan brewer among them. >> everybody has an opinion on it. you know? and, you know, i probably don't believe it's manmade. i believe that, you know, whether in certain elements are controlled maybe by different things....
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Dec 9, 2012
12/12
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when sandy struck, the devastation was great. the tidal surge exceeded the 100-year flood level by more than 2 feet. the storm crippled our transportation system, what -- causing widespread flooding and power outage. we had no choice but to shutter most of our facilities. as soon as the storm subsided, we began assessing the damage. our port suffered extensive flooding that toppled cargo containers, washed out access roads, twisted rail track, barges and debris tossed about on peers and less visible but more critical, damage electrical infrastructure. the flooding disrupted the region's supply train, causing significant damage, including destruction of more than 15 dhows mobile missile water. what korea had 100 million gallons of seawater flub airfield at one point you could not distinguish parts of the aeronautical areas from the bay. newark, it jfk, and peterborough airports suffered significant flooding. the port authority bus terminal, the primary facility for the region experienced a tremendous blow is commuter bus carriers
when sandy struck, the devastation was great. the tidal surge exceeded the 100-year flood level by more than 2 feet. the storm crippled our transportation system, what -- causing widespread flooding and power outage. we had no choice but to shutter most of our facilities. as soon as the storm subsided, we began assessing the damage. our port suffered extensive flooding that toppled cargo containers, washed out access roads, twisted rail track, barges and debris tossed about on peers and less...
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Dec 4, 2012
12/12
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cuomo says his state will need billions of dollars of assistance to build and repair after super storm sandy. john? >>> the first jobs report comes out since the election. far from the east coast, one midwestern community has positive thoughts about their community. largely because of the landscape developing at an astonishing speed. >>> the pioneer spirit is burning brightly. much of it occurs in a few small neighborhoods. >> i can go local. >>> mike farmer is the ceo of leap 2. a company with a highly advanced mobile search app. >> people stop by the office every day. it's fascinating. >> that must feel pretty good. >> yeah, it does. >> one big reason these companies are clustering here is that google chose this neighborhood to launch its much anticipated super high speed internet connection. 100 times faster than most internet links, google fiber allows massive video data and graphic files to move at astonishing speed, permitting development of whole new applications. >> this is exactly what you wanted. >> that's exactly it. we wanted local entrepreneurs to take advantage of the faster sp
cuomo says his state will need billions of dollars of assistance to build and repair after super storm sandy. john? >>> the first jobs report comes out since the election. far from the east coast, one midwestern community has positive thoughts about their community. largely because of the landscape developing at an astonishing speed. >>> the pioneer spirit is burning brightly. much of it occurs in a few small neighborhoods. >> i can go local. >>> mike farmer is...
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Dec 7, 2012
12/12
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sandy will have had an affect on this. what we're interested to know is whether or not the fiscal cliff fears had any affect on this. was there less hiring, anybody laying off in anticipation of the fiscal cliff? that will be hard to determine. christine and i will look at the numbers when they come in to see if there's any impact of that. the affect of sandy, 86,000 fewer jobs than we otherwise would have had. we're looking at a much lower number. christine appears to have it right now. we are -- >> lowest unemployment rate since december '08. 7.7%. that's the unemployment rate. surprise there. i'm going to listen to the jobs part of it. >> that is unexpected. we were expecting the unemployment rate to go to 8.0, from 7.9 to 8.0. it's gone the other direction. >> 146,000 jobs created. >> double than what was expected. >> diane s wochlswonk, chief ec. 7.7% is the unemployment rate, 146,000 jobs that have been added. the estimates were completely off. what are the implications of these numbers? >> well, certainly it's reass
sandy will have had an affect on this. what we're interested to know is whether or not the fiscal cliff fears had any affect on this. was there less hiring, anybody laying off in anticipation of the fiscal cliff? that will be hard to determine. christine and i will look at the numbers when they come in to see if there's any impact of that. the affect of sandy, 86,000 fewer jobs than we otherwise would have had. we're looking at a much lower number. christine appears to have it right now. we are...
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Dec 6, 2012
12/12
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here we are with hurricane sandy, thank you very much for all you're doing. we enjoy -- encourage you to use the fema funds that have been provided as be intended and spelled out in the legislation. and there's always an opportunity for supplement. you find there is something we left that needs attention, don't with b ashamed to -- we thank you for appearing before our committee this morning. as we go forward in trying to help the people who have been impacted by hurricane sandy. >> thank you senator cook corcoran. thank you for raising the river debris. those are tied up. let's use the opportunity to get that straight because they're going to be lofts, you know, debris in the mashes and rivers and wetlands along this, you know, islands along this east coast and it just not necessary for people to suffer the way we did trying to get that debris. so many different jurisdictions and et. cetera. thank you for raising that. i want staff to make a note so question make sure we address that. senator? >> thank you madam chair. i don't want to pull a landrieu. i want
here we are with hurricane sandy, thank you very much for all you're doing. we enjoy -- encourage you to use the fema funds that have been provided as be intended and spelled out in the legislation. and there's always an opportunity for supplement. you find there is something we left that needs attention, don't with b ashamed to -- we thank you for appearing before our committee this morning. as we go forward in trying to help the people who have been impacted by hurricane sandy. >> thank...
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Dec 10, 2012
12/12
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. >> by moonlight, hurricane sandy. and the potential is just being scratched. >> our weather forecasters now, by look at this new imagery are saying i can do the same kind of things at night. and that enables a whole new class of things being done. >> reporter: a lot more is being tracked by this new generation of satellites. >> we can monitor forest fires. monitor smoke plumes from those fires. and also, data is used to monitor snow packs. sea ice. >> reporter: and it does it globally. the bright spots in australia are wildfires. now from space, the impacts of people are written in light across countries and cont nents. things unseen from this vantage point in sunlight. a lot of illumination for a black marble. alex demetrick, wjz eyewitness news. >> and the new satellite is in a polar orbit and is able to scan the entire planet in just 12 passes. >>> well, can wall street start the week off on the right foodfoot? -- foot? [ stock bells ringing ] all the markets did finish in positive territory. let's take a look. dow
. >> by moonlight, hurricane sandy. and the potential is just being scratched. >> our weather forecasters now, by look at this new imagery are saying i can do the same kind of things at night. and that enables a whole new class of things being done. >> reporter: a lot more is being tracked by this new generation of satellites. >> we can monitor forest fires. monitor smoke plumes from those fires. and also, data is used to monitor snow packs. sea ice. >> reporter:...
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Dec 7, 2012
12/12
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everybody suggested that sandy would have a significant impact. but the labor department itself is saying no, it did not. is that correct, peter? >> that's correct. and it's because of the way the labor department retrieves and asks businesses and people about their employment. for example, if you work for one hour during a week and there is a storm, you're still counted as employed. for you not to be counted as employed, you can work no hours and get no pay during the particular survey week. >> you've had a chance to go through the whole report. any other headlines stand out at you? >> well, we're substantially revisions in september and october. 50,000 fewer jobs created in those two months than had previously been expected and the labor department does say that we should get a better read of any possible impact of sandy on individual states and regions when they release other numbers, other reports on those in two weeks from now. >> peter barns, thank you very much. i will repeat this because it is a surprise, 7.7% is the unemployment rate. 146
everybody suggested that sandy would have a significant impact. but the labor department itself is saying no, it did not. is that correct, peter? >> that's correct. and it's because of the way the labor department retrieves and asks businesses and people about their employment. for example, if you work for one hour during a week and there is a storm, you're still counted as employed. for you not to be counted as employed, you can work no hours and get no pay during the particular survey...
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Dec 5, 2012
12/12
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hurricane sandy affected four counties. homes were uprooted, dunes were obliterated, sand was blown into coastal ponds and local roads, exposing underground pipes, septic tanged -- tanks and other ewityle -- utilities. the largest wave of the storm was recorded at 47 feet. the island sustained severe road damage. in addition to damage covered under disaster reparations issued by the president urn the staff act, preliminary damage reports indicate damage of approximately $40 million to public infrastructure that will likely need to be covered by other agencies. this includes damage to harbors and channels as well as roadways which will require significant funding through army corps and the department of transportation. for rhode island, which has felt the effects of the economic downturn as much as any state and today ranks second in the nation in unemployment, recovery from the third major disaster in three years will be a significant challenge. this is a point emphasized by governor chafee who wrote to president obama abou
hurricane sandy affected four counties. homes were uprooted, dunes were obliterated, sand was blown into coastal ponds and local roads, exposing underground pipes, septic tanged -- tanks and other ewityle -- utilities. the largest wave of the storm was recorded at 47 feet. the island sustained severe road damage. in addition to damage covered under disaster reparations issued by the president urn the staff act, preliminary damage reports indicate damage of approximately $40 million to public...
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Dec 2, 2012
12/12
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experts think superstorm sandy could affect this. a lot of people having a hard time getting around, power is out. really put a lot of folks behind. we'll see how that goes. on saturday, a big day for college football fans. heisman trophy winner will be announced. we'll find out who the best player in college football is. last year, can you remember who it is? nfl star robert griffin iii won the heisman. that's your week ahead. >>> well, his name was jordan davis, a 17-year-old boy who was shot and killed at a florida gas station. it all happened after a dispute over loud music. now those closest to davis are saying good-bye as they struggle to understand why this happened. our george howell has the story. >> reporter: as family and friends laid 17-year-old jordan davis to rest, it's the reason for his death that has mourners here baffled. >> that was just terrible. that should never happen. >> the last time i spoke to him was thursday night on thanksgiving. and it's just all hard because i miss him so much. >> reporter: it happened
experts think superstorm sandy could affect this. a lot of people having a hard time getting around, power is out. really put a lot of folks behind. we'll see how that goes. on saturday, a big day for college football fans. heisman trophy winner will be announced. we'll find out who the best player in college football is. last year, can you remember who it is? nfl star robert griffin iii won the heisman. that's your week ahead. >>> well, his name was jordan davis, a 17-year-old boy who...
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Dec 10, 2012
12/12
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CURRENT
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and you think okay, chris perry sandy -- kris perry sandy steir are human beings and we should be treated equally under the law because we're human beings. it is not a radical idea if you think of it as something as simple as that. then it doesn't make as much of a difference -- it shouldn't make as much of a difference to folks who say they know better. who should be married and who shouldn't. really, you should be thinking is it fair to say to a group of people you don't get to have something everybody else has because of one trait that you have. it is -- it's really something that -- isn't -- no longer acceptable to be sort of openly discriminatory or hateful toward a group of people. i'm happy about where this is headed. i feel like we're going to put this to rest. >> stephanie: you said in terms of the tea leaves, you said you can't imagine they took this to move us backward. >> no. that's what sandy and i were talking about. to reverse two lower court rulings from the same court system that the supreme court supports would be saying not only to the people of california but to those
and you think okay, chris perry sandy -- kris perry sandy steir are human beings and we should be treated equally under the law because we're human beings. it is not a radical idea if you think of it as something as simple as that. then it doesn't make as much of a difference -- it shouldn't make as much of a difference to folks who say they know better. who should be married and who shouldn't. really, you should be thinking is it fair to say to a group of people you don't get to have something...
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Dec 9, 2012
12/12
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here we are with sandy. thank you very much for all that you are doing. we encourage you to use the fema funds provided as intended and as spelled out in the legislation. there's always the opportunity for supplementals. if you find there is something we have left out that need ashamed to don't be bring it before our attention. we appreciate you coming before us as we go forward trying to help the people recover from these terrible events. >> thank you for raising the issue of marine debris. that will be a huge issue for the northeast as it was on the gulf coast and those rules and regulations are all tied up in knots. let's use that opportunity to get that straight because there will be a lot of debris in the marshes, rivers, wetlands all along the east coast and it's not necessary for people to suffer the way that we did in trying to get to that debris because so many jurisdictions, etc. i want the staff to make a note of that to make sure we address that. senator mikulski. >> thank you, madam chair. >> if your not careful coming will have a mikulski an
here we are with sandy. thank you very much for all that you are doing. we encourage you to use the fema funds provided as intended and as spelled out in the legislation. there's always the opportunity for supplementals. if you find there is something we have left out that need ashamed to don't be bring it before our attention. we appreciate you coming before us as we go forward trying to help the people recover from these terrible events. >> thank you for raising the issue of marine...
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Dec 10, 2012
12/12
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. >> they have a leave for safety reasons during super storm sandy. when they left behind wasn't safe at all. tell but that 20 minutes to the top of the hour. new trident layers juicy berry + tangy tangerine is a thrilling, dual-flavored ride to mouth fun-town. but it's not like everyone is going to break into a karaoke jam session. ♪ this will literally probably never happen. you spend all day cooking it. so why spend even a moment considering any broth but swanson? the broth cooks trust most to make the meal folks spend all year waiting for. in stuffing and more, the secret is swanson. this bible changed the world. i'm kirk cameron. four hundred years ago our forefathers risked their lives to bring this bible to the shores of america. because it contained the principals for economic liberty, political liberty and religious freedom. the 1599 geneva bible. it was the first complete english translation, complete with chapters, numbered verses and 300,000 utterly unique study notes. it actually came out before the king james version and because the go
. >> they have a leave for safety reasons during super storm sandy. when they left behind wasn't safe at all. tell but that 20 minutes to the top of the hour. new trident layers juicy berry + tangy tangerine is a thrilling, dual-flavored ride to mouth fun-town. but it's not like everyone is going to break into a karaoke jam session. ♪ this will literally probably never happen. you spend all day cooking it. so why spend even a moment considering any broth but swanson? the broth cooks...
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545
Dec 8, 2012
12/12
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KPIX
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storm sandy didn't have -- super storm sandy didn't have as much of age pact on employment as economist had expected. the government says the storm played only a minimal role as the economy added 150,000 jobs. the unemployment rate fell to 7.7%, and that is a .2% drop. but those numbers were helped by people who stopped look for work and were not counted as unemployed. >>> on wall street, the dow is up 81 points. the s&p 500 edged up four. however, the nasdaq dropped 11 points. >>> the edge of the fiscal cliff is fast approaching. only 25 days away and going over it threatens to ruin the holidays for millions of americans. cbs reporter danielle nottingham says republicans are waiting for the president to make the next move. >> vice president joe biden at lunch with middle class americans who will take a $2,000 hit if their tax cuts expire at the end of the year. >> this is no time to add any additional burden. >> while the white house is pushing congress to renew middle class tax cuts, the president says he won't take any deal that extends tax cuts for the wealthiest americans. honor of
storm sandy didn't have -- super storm sandy didn't have as much of age pact on employment as economist had expected. the government says the storm played only a minimal role as the economy added 150,000 jobs. the unemployment rate fell to 7.7%, and that is a .2% drop. but those numbers were helped by people who stopped look for work and were not counted as unemployed. >>> on wall street, the dow is up 81 points. the s&p 500 edged up four. however, the nasdaq dropped 11 points....
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except for sandy, jobs would have been doing better, and sandy is seen as a temporary factor. >>> another usual factor, the layoffs and strikes from hostess. hostess filed for bankruptcy last month. want to bring you up to speed on facebook. facebook moving up. the social network will be listed on the nasdaq 100 next week and could be added to the s&p 500 very soon. shares are down nearly 30% since the ipo. but with the market value about $60 billion, it would rank among the top 50 largest companies. one economist says the move is imminent. when it moves into an index like that, portfolio managers and fund managers buy it, because many of them have funds that track the s&p 500. >> how do you feel about that jobs report? . . >> i would like to see a triple digit number, but i don't think we'll see it because of sandy, end of the year, companies are nervous. >>> we're watching a developing story in egypt where protests in the streets are expected against the country's president again. we are live from cairo after a quick break. >>> and rescue. a woman saved after police say her ex-husband t
except for sandy, jobs would have been doing better, and sandy is seen as a temporary factor. >>> another usual factor, the layoffs and strikes from hostess. hostess filed for bankruptcy last month. want to bring you up to speed on facebook. facebook moving up. the social network will be listed on the nasdaq 100 next week and could be added to the s&p 500 very soon. shares are down nearly 30% since the ipo. but with the market value about $60 billion, it would rank among the top 50...
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Dec 7, 2012
12/12
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CSPAN
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so over a month ago hurricane sandy brought our system to its knees. we experienced a level of destruction that is unprecedented in our 108-year history. there were eight flooded tunnels, 12 subway stations with major damage, some of them destroyed. we lost an entire bridge and a rare line serving a rock line in queens. and we have rail yards and maintenance shops underwater and damaged. just as the superstorm was unprecedented so was the level of our preparation. we shut down the entire system just for the second time in our 108-year history. as it turned out, even our preparation, would not actually, could not protected our entire system from the full-force of sandy's rather. what we saw was truly unbelievable. we watched more than 86 million gallons flood and rush into the two tubes. once sandy passed our top priority was to restore service as quickly and safely as possible. i could not be more proud of the workers and the labor and management who worked so well. we had buses up and running seven hours after the storm, nine hours after that we were
so over a month ago hurricane sandy brought our system to its knees. we experienced a level of destruction that is unprecedented in our 108-year history. there were eight flooded tunnels, 12 subway stations with major damage, some of them destroyed. we lost an entire bridge and a rare line serving a rock line in queens. and we have rail yards and maintenance shops underwater and damaged. just as the superstorm was unprecedented so was the level of our preparation. we shut down the entire system...
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Dec 5, 2012
12/12
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CSPAN2
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obviously sandy falls in that as a catastrophic disaster. it will be in addition to existing disasters we are working. >> some of the temporary housing assistance be provided will soon be expiring. but there be opportunities for renewal? you've heard one of the things he wanted to do was have had to explain what they doing and will not be sufficient? we were in new york and also manhattan, which is a whole unique venue for disaster in staten island, i guess long island, new jersey has very unique housing requirements and also higher costs. hud has committed to in the president says they will coordinate with your efforts. >> mr. chairman, the housing program were actually looking at three pretty substantial areas. the first was the temporary sheltering and that is where maybe the home was destroyed but they couldn't get back in. they had power outages or other damages. we would provide in cooperation state request on a car share basis short-term, namely hotels, motels measured in weeks and we are extending as the states requested. the traditi
obviously sandy falls in that as a catastrophic disaster. it will be in addition to existing disasters we are working. >> some of the temporary housing assistance be provided will soon be expiring. but there be opportunities for renewal? you've heard one of the things he wanted to do was have had to explain what they doing and will not be sufficient? we were in new york and also manhattan, which is a whole unique venue for disaster in staten island, i guess long island, new jersey has...
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gerri: been morehan a month since hurricane sandy ravaged the east coast. new york governor andrew cuomo seeking federal aidfor the victims of superstar and sandy, new york and new jersey requting $79 billion from the federal government in order to rebuild. but there are still many foks picking up the pieces, trying to rebuild there lives and businesses. my next guest who lost her entire store in the storm. she says the government has done nothing to help work and finds herself in a circle of red tape. if you for coming in the show. appreciated. >> thanks you for having me in letting me tell not only my story, but the story ofmany small businesses better in the same predicament as i am. gerri: you had a store that had been around since 2004. >> i have been in my store for about nine years. my heart and soul. fresh and homemade. a pillar of the community. gerri: very involved. >> very involved. we donate bagels a project hospitality. our bagels aren the hospital. involved in many of the school activities in different organizations. gerri: tell me how they fi
gerri: been morehan a month since hurricane sandy ravaged the east coast. new york governor andrew cuomo seeking federal aidfor the victims of superstar and sandy, new york and new jersey requting $79 billion from the federal government in order to rebuild. but there are still many foks picking up the pieces, trying to rebuild there lives and businesses. my next guest who lost her entire store in the storm. she says the government has done nothing to help work and finds herself in a circle of...
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Dec 7, 2012
12/12
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KPIX
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superstorm sandy caused work interruptions in the northeast but the weather had a minimal impact on the employment. >>> and millions of people receiving extended unemployment would lose them without an agreement to avoid the fiscal cliff sometime soon. here's danielle nottingham with where both sides stand on this friday. >> 2, 1. >> reporter: before the first family lit the national christmas tree, president obama said the mandatory spending cuts and tax hikes that could kick in 25 days from now are threatening to ruin the holidays for millions of americans. >> the american people are counting on this getting solved. >> reporter: the two parties are leaving negotiations to the two main power brokers, president obama and house speaker john boehner. >> if the president doesn't agree with our proposal, he has an obligation to families and small businesses to offer a plan of his own. a plan that can pass both chambers of the congress. >> reporter: with the clock ticking toward the fiscal cliff deadline, government workers have joined the push but they want to make sure they're not cut out
superstorm sandy caused work interruptions in the northeast but the weather had a minimal impact on the employment. >>> and millions of people receiving extended unemployment would lose them without an agreement to avoid the fiscal cliff sometime soon. here's danielle nottingham with where both sides stand on this friday. >> 2, 1. >> reporter: before the first family lit the national christmas tree, president obama said the mandatory spending cuts and tax hikes that could...